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Webster's New World Finance and Investment Dictionary » Walton, Sam
Walton, Sam
Walton, Sam definition - finance
The
creator of Wal-Mart Stores Inc., which revolutionized the discount retailing
business. His worldwide empire grew from one store that he opened in Rogers,
Arkansas in 1962 to Wal-Mart and SamÂ’s Club stores all over the world with $244
billion in sales in 2002. He took the novel approach of opening his stores in
rural, small-town areas. Only in recent years has Wal-Mart opened stores in major
metropolitan areas. Wal-Mart has stores in the United States, the United
Kingdom, Mexico, Korea, and China among other countries.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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